real estate

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Home sales in the Peoria area were down more than 10-percent in the third quarter compared to a year ago.  Jana Heffron is the newly installed president of the Peoria Area Association of Realtors. She says it’s not unusual for us to see a seasonal slowdown. But the average home sale price is also down three-point-eight percent. Houses sold in July, August and September spent an average of 78 days on the market, the same as a year ago.

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NEW YORK (AP) - Tribune Media has completed the sale of several real estate assets, including the Tribune Tower in Chicago.

The Chicago-based company announced last month that it was selling the 1925 neo-Gothic tower to CIM Group. The sale is part of Tribune Media Co.'s ongoing efforts to sell its entire $1 billion real estate portfolio.

Flickr Creative Commons/Afshin Darian

The iconic Tribune Tower on Chicago's Michigan Avenue will have a new owner.   Los Angeles-based CIM Group has agreed to buy the tower for up to $240 million. The deal, expected to close by September's end, was announced by Chicago-based Tribune Media Tuesday. 

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Despite uncertainty in the state economic situation coupled with upcoming national elections, Illinois’ housing market continues to grow in terms of sales and prices. 

That’s according to the latest sales data from the Illinois REALTORS. The numbers show 43 Illinois counties reported sales increases in May 2016, compared to last year’s figures. Sales were up 6.7 percent in Peoria County, with 270 homes sold last month.  

Statewide, home sales were up 6 percent in May. 

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Peoria area home sales were up 3.8 percent in the first quarter, compared to the same time last year. That amounted to 954 houses or condominiums sales closed. 35 more than the first quarter of last year.

Becky Peterson is the president of the Peoria Area Association of Realtors. She says there was dip in home sales for February but March was strong.

“Just March alone compared to last March was 7.6% which put us on the good side for the quarter of the 3.8. So we’re very pleased,” Peterson said.

Peoria home sales on the rise

Jul 22, 2015
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Home prices are climbing in the Peoria Area. That’s according to the Peoria Area Association of Realtors second quarter home sales report released today. It says the local housing market saw a 4.5 percent gain in sales from this time last year.

PAAR President Phil Harvey says the median home sale price increased nearly 2.5 percent.

“Inventory levels are dropping, that’s why prices are rising," Harvey said. "And this is an excellent time if you’ve ever contemplated in recent years in selling your home.”

Chicago remembers open-housing advocate

Dec 30, 2013

John Baird is being remembered in many ways due to his decades as a real estate developer and architecture preservationist.  But also for his work to fight housing discrimination in Chicago.